Vaughan Freehold Market Report - Dec 2020

Vaughan Freehold Market Report - Dec 2020

Vaughan Freehold Market Report - Dec 2020

In Dec 2020, Vaughan's freehold housing market remains a strong seller's market in the Great Toronto Area.

The freehold attached houses' average price, including town, semi, and link houses, was up 4% from the previous month, now $980K. The number of units sold declined by 29% due to fewer stocks in the winter months as new listings contracted by 54%. This segment of housing is currently in a very hot seller's market.

The average price of detached houses was up by about 3.7% in Dec 2020. Approximately 66% of total freehold units sold in Vaughan last month are Detached houses. If you plan to buy a detached house in Vaughan, you will need to spend an average of $1.5M. Usually, the market is slow during the winter months, as both seller and buyer are less motivated to enter the market. But this is an unusual year. The new houses coming to the market dropped by 46%, but the number of sold units remains little change. We anticipate a heated market in the coming months.

If you plan to move to Vaughan or you want to learn more about real estate investment opportunities in Markham, please contact Vaughan Real Estate Agent Alan Zheng at 647-877-9311.